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Domestic equipment manufacturers, such as toolmaker Naura (002371.SZ) and etching equipment maker AMEC, are winning a much higher proportion of tenders from Chinese foundries than in previous years, as chipmakers race to replace foreign-made equipment with domestically made alternatives, research showed. "There is definitely huge progress happening in the Chinese semiconductor equipment space, as reflected in the strong revenue growth metrics," he said. The Huatai Securities report revealed that for the first eight months of 2023, only one tender for lithography equipment was awarded to a Chinese company, out of many bids. "Local players still lack capability to supply a full set of equipment, such as EUV," said Nori Chiou, investment director at White Oak Capital, saying Chinese manufacturers are focused on covering mature node equipment. "It’s a long way to go to see advanced semiconductor equipment made in China."

Persons: Florence Lo, Xi Jinping, Biden, Hua Hong, SMIC, Nori, Fanny Potkin, Yelin, Ellen Zhang, Brenda Goh, Sharon Singleton Organizations: REUTERS, Companies, Huatai Securities, Beijing, Reuters, HK, Hua Hong Semiconductor, CINNO Research, Analysts, Materials Inc, Lam Research Corp, U.S, Huawei Technologies, White Oak, Thomson Locations: China, SINGAPORE, BEIJING, Japan, Netherlands, U.S, ASML, Singapore, Yelin Mo, Beijing

The logo of Powerchip Semiconductor Manufacturing Corp's Japanese business in pictured in Tokyo, Japan July 21 2023. REUTERS/Sam Nussey/File Photo Acquire Licensing RightsSINGAPORE/TOKYO, Oct 17 (Reuters) - Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp (6770.TW) is considering around five sites in Japan, including Mie prefecture, for setting up a potential $5.4 billion factory as talks on subsidies progress, sources said. Powerchip is looking at around five sites for the factory, the source said. One option is Mie prefecture in central Japan, two sources said, close to the industrial hub of Nagoya and fabs operated by Taiwan's UMC (2303.TW) and Japan's Kioxia. A factory from Powerchip would mark a further commitment by Taiwanese chipmakers into manufacturing in Japan, with TSMC (2330.TW) building a factory in Kyushu in western Japan and eyeing a second.

Persons: Sam Nussey, Powerchip, Taiwan's UMC, eyeing, chipmaker, Fanny Potkin, Miho Uranaka, Muralikumar Organizations: Powerchip Semiconductor Manufacturing, REUTERS, Rights, Powerchip Semiconductor Manufacturing Corp, SBI Holdings, SBI, Reuters, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, TOKYO, Taiwan, Mie, Nagoya, Powerchip, Kyushu

Reuters reviewed a confidential draft of the 10-member Association of Southeast Asian Nations' (ASEAN) "guide to AI ethics and governance," whose content has not previously been reported. In contrast to the EU's AI Act, the ASEAN "AI guide" asks companies to take countries' cultural differences into consideration and doesn’t prescribe unacceptable risk categories, according to the current version reviewed. With almost 700 million people and over a thousand ethnic groups and cultures, Southeast Asian countries have widely divergent rules governing censorship, misinformation, public content and hate speech that would likely affect AI regulation. The ASEAN guide advises companies to put in place an AI risk assessment structure and AI governance training, but leaves specifics to companies and local regulators. EU officials and lawmakers told Reuters that the bloc would continue to hold talks with Southeast Asian states to align over broader principles.

Persons: Stephen Braim, Alexandra van Huffelen, Fanny Potkin, Supantha Mukherjee, Panu, Sam Holmes Organizations: Reuters, Association of Southeast Asian Nations, ASEAN Digital, Companies, IBM, Google, ASEAN, Technology, United States, NIST, U.S . Department of Commerce's National Institute of Standards, Meta, Southeast, EU, European Commission, Thomson Locations: SINGAPORE, STOCKHOLM, Thailand, United, Southeast Asia, Japan, South Korea, Brussels, Singapore, Stockholm, Bangkok

☆ Exclusive: Huawei unit ships Chinese-made surveillance chips in fresh comeback sign -sources
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +4 min

Hauwei also unveiled new smartphones in recent weeks that use advanced chips, which analysts say are domestically made. "These surveillance chips are relatively easy to manufacture compared to smartphone processors," said the source familiar with the surveillance camera industry's supply chain, adding that HiSilicon's return would shake up the market. A key factor is that the company appears to have worked around U.S. restrictions on chip design software. Huawei has not commented on the phone's 5G capabilities or how it produced the advanced chip. The United States has no evidence that Huawei can produce smartphones with advanced chips in large volumes, U.S. Commerce Secretary Gina Raimondo said on Tuesday.

Persons: Hauwei, Frost, Sullivan, HiSilicon, Taiwan's TSMC, Gina Raimondo, Dan Hutcheson, Shanghai Newsrooms, Fanny Potkin, Gerry Doyle Organizations: Huawei Technologies, Huawei, Securities, Novatek Microelectronics Corp, Semiconductor Manufacturing International Corp, HK, Kirin, United, . Commerce, Cadence Design Systems, Synopsys Inc, Siemens, Thomson Locations: BEIJING, SHANGHAI, U.S, Kirin, China, United States, Beijing, Shanghai, Singapore

MILAN (AP) — Thousands came out in a rain to watch an open-air Diesel show during Milan Fashion Week on Wednesday, making the denim-centric brand the hottest ticket in town. A latex dress hugged the form in a nearly nude beige, somewhere on the border between transparency and cover. Zip pockets are sewn into bra tops, while a trio of fanny packs become a bandeau top: perfect for the festival circuit. The technology going into the textiles is so cutting-edge that Rosso said that part of the production site is sealed off from the rest to protect the secrecy. “Touch the garments, and you will go out of your mind,’’ Rosso said.

Persons: Glenn Martens, Jaden Smith, Martens, fanny, Renzo Rosso, ’, Rosso, ’ ’ Rosso Organizations: MILAN, Milan Locations: tatters

☆ Exclusive: Huawei unit ships Chinese-made surveillance chips in fresh comeback sign
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +5 min

Huawei also unveiled new smartphones in recent weeks that use advanced chips, which analysts say are domestically made. "These surveillance chips are relatively easy to manufacture compared to smartphone processors," said the source familiar with the surveillance camera industry's supply chain, adding that HiSilicon's return would shake up the market. A key factor is that the company appears to have worked around U.S. restrictions on chip design software. HiSilicon mainly supplies chips for Huawei equipment but has had external customers such as Dahua Technology (002236.SZ) and Hikvision (002415.SZ). The United States has no evidence that Huawei can produce smartphones with advanced chips in large volumes, U.S. Commerce Secretary Gina Raimondo said on Tuesday.

Persons: Florence, Frost, Sullivan, HiSilicon, Taiwan's TSMC, Gina Raimondo, Dan Hutcheson, Shanghai Newsrooms, Fanny Potkin, Gerry Doyle Organizations: Security China, REUTERS, Rights, Huawei Technologies, Huawei, Securities, Novatek Microelectronics Corp, Semiconductor Manufacturing International Corp, HK, Kirin, United, . Commerce, Cadence Design Systems, Synopsys Inc, Siemens, Thomson Locations: Beijing, China, Rights BEIJING, SHANGHAI, U.S, Kirin, United States, Shanghai, Singapore

☆ Deep tech VC launched by ex-Nvidia, Samsung execs raises $140 mln fund
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, Sept 19 (Reuters) - Global Frontier Technology Ventures (GFT), a venture capital firm launched by former Nvidia and Samsung executives, on Tuesday said it has raised $140 million for its inaugural fund. The Palo Alto-headquartered fund will focus on investing in early-stage artificial intelligence (AI) startups and other firms focusing on cutting-edge science, known as "deep tech." "Given the transformational shift (caused by AI and data science), there's a huge opportunity to invest in startups that are leveraging those technologies." Herbst previously led business development and startup investments at U.S AI powerhouse Nvidia (NVDA.O), while other-co founder Jay Eum was formerly the managing director of Korean technology giant Samsung's (005930.KS) corporate investment arm. Earlier investments by GFT ventures include South Korean autonomous trucking company Mars Auto, U.S data engineering platform automation platform Switchboard and U.S health tech startup Mighty Health.

Persons: Jeff Herbst, Herbst, Jay Eum, Fanny Potkin, Varun Organizations: Frontier Technology Ventures, Nvidia, Samsung, U.S, Reuters, Mars Auto, Health, Thomson Locations: SINGAPORE, Alto, Israel, Asia

☆ Shrek Crocs are officially real
▼ + stars: | 2023-09-17 | by ( Aj Willingham | ) edition.cnn.com time to read: +2 min

CNN —In the distant future, archaeologists will happen upon a Shrek Croc, its soft vinyl unsullied by the ages, and they will have questions. Crocs, the brand behind everyone’s favorite unapologetically ugly shoe, has collaborated with DreamWorks to craft an extremely important cultural artifact: The Shrek Croc. Green, freckled, and just a little scary, the Shrek Croc (or Shroc, if you will) has long been a dream for some Croc lovers. There actually is a 2018 Change.org petition floating around to “Make Shrek Crocs Real.” The good people at Crocs know what’s up too: In the run-up to the shoe’s launch on September 13, the official Croc X account retweeted 20 identical messages from an account called “Shrek Crocs,” all reading “Make Shrek Crocs real.”“The wait is over for the most wonderfully hideous Classic Clogs,” the shoe’s description reads. There are Pop Tarts Crocs (Croc-Tarts), Lisa Frank Crocs, Barbie Crocs, Crocs with fanny packs and even scented Crocs Jibbitz — a combination of words commanding almost as much dark energy as “Shrek Crocs.”Most reactions to the Shrek Crocs fall into one of two categories: “I need them immediately,” or “If you wear these in public I will perform a citizen’s arrest.” If your thoughts lean toward the former, you may want to hurry.

Persons: Margaritaville, Crocs, Lisa Frank Crocs, Barbie Crocs, fanny Organizations: CNN, DreamWorks

The instruction by TSMC, which is grappling with delays at its $40 billion chip factory in Arizona, is aimed at controlling costs and reflects the company's growing caution about the outlook for demand, the sources said. Suppliers currently expect the delay to be short-term, the sources said, declining to be named as the information is not public. Companies affected by the instruction to delay include Dutch firm ASML (ASML.AS), which makes lithography equipment essential for high-end chipmaking, one of the sources said. ASM International (ASMI.AS), a smaller equipment firm that is also a supplier to TSMC, fell 4.2% with BE Semiconductor (BESI.AS), a packaging equipment firm, down 2.4%. CHIP CYCLE WORRIESThe Taiwanese chip giant is not alone in worrying a bounce back in demand may take longer than expected.

Persons: Dado Ruvic, TSMC, chipmaker, C.C, Wei, Peter Wennink, We've, Wennink, they're, Mark Liu, Sam Nussey, Fanny Potkin, Toby Sterling, Miyoung Kim, Stephen Coates Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Suppliers, Reuters, ASM, BE Semiconductor, Apple, Media, Huawei, Analysts, chipmaker Semiconductor Manufacturing International Corp, HK, Thomson Locations: TOKYO, SINGAPORE, AMSTERDAM, Arizona, China, Taiwan, Beijing, Washington, Tokyo, Singapore, Amsterdam

SINGAPORE, Sept 14 (Reuters) - DBS Group (DBSM.SI) Chief Executive Piyush Gupta said current widespread pessimism about China's economy was not "overdone" but he was upbeat about India, where the bank plans to triple its business in the next five years. "There's some real headwinds in China in the short-term", he told a Reuters Newsmaker event in Singapore, noting the crisis in its debt-ridden property sector. DBS, Southeast Asia's largest bank by assets, aims to triple its business in India in the next five years, Gupta also said. The bank has been in India for nearly 30 years and operates about 530 branches in 19 Indian states, according to its website. Singapore has seen strong inflows from wealthy customers amid global uncertainty, including U.S.-China geopolitical tensions, due to the city-state's status as a financial safe-haven.

Persons: Piyush Gupta, Gupta, Yantoultra Ngui, Fanny Potkin, Scott Murdoch, Edwina Gibbs Organizations: DBS, Reuters, Shenzhen Rural Commercial Bank, UBS Group's, Credit Suisse, Thomson Locations: SINGAPORE, India, China, Singapore, Shenzhen, Asia's, Asia, East, U.S

☆ Mercedes-Benz's $100,000 electric SUV is an awesome Tesla rival — but its blob-like looks aren't for everyone
▼ + stars: | 2023-09-13 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

I drove Mercedes-Benz's new electric SUV: the EQE SUV. The 2023 Mercedes-Benz EQE 500 4MATIC SUV. The 2023 Mercedes-Benz EQE 500 4MATIC SUV. The 2023 Mercedes-Benz EQE 500 4MATIC SUV. AdvertisementAdvertisementThe 2023 Mercedes-Benz EQE 500 4MATIC SUV.

Persons: Mercedes, Tim Levin, I'm, anyone's, Elon Musk's, Tesla, iX, fanny, that's Organizations: Mercedes, Service, Benz, Subaru, BMW, Tesla's, EV Locations: Wall, Silicon, Stuttgart, Elon

☆ GlobalFoundries opens $4 billion Singapore fabrication plant
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

A screen displays the company logo for semiconductor and chipmaker GlobalFoundries Inc. during the company's IPO at the Nasdaq MarketSite in Times Square in New York City, U.S., October 28, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSINGAPORE Sept 12 (Reuters) - GlobalFoundries (GFS.O), one of the world's top five largest contract chipmakers, launched a $4 billion fabrication plant in Singapore on Tuesday, as part of a major global manufacturing expansion. Its Singapore operations, which serve 200 clients worldwide, produce 300mm wafers and 200mm wafers, which are used in cars and 5G technology. Some of GlobalFoundries' biggest clients include Qualcomm , which said on Monday it had signed a deal with Apple to supply 5G chips until at least 2026. The city-state's overall semiconductor output, which makes up 11% of the global semiconductor market, is set to grow, as more chipmakers are set to either open or expand operations in the coming months.

Persons: Brendan McDermid, GlobalFoundries, Fanny Potkin, Richard Chang Organizations: Nasdaq, REUTERS, Qualcomm, Apple, Thomson Locations: New York City, U.S, Singapore

Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. In the past five months the improvement has been tremendous," TSMC Chairman Mark Liu said of the Arizona project last week. The $40 billion investment in Arizona allows TSMC to add capacity outside Taiwan, where it faces constraints on land, power, water and labour. "A lot of machines cannot be shut down because it costs TSMC to recalibrate on rebooting," said a chip industry executive. While many equipment and materials makers already have global operations, to meet its exacting standards TSMC has also brought suppliers to Japan from Taiwan, the sources said.

Persons: Ann Wang, TSMC, Mark Liu, Lucy Chen, Brady Wang, Sam Nussey, Fanny Potkin, Sarah Wu, Miho Uranaka, Jamie Freed Organizations: Taiwan Semiconductor Manufacturing, REUTERS, TSMC, Reuters, Isaiah Research, Sony, Ministry, Economy, Trade, Industry, Thomson Locations: Hsinchu, Taiwan, Japan, TOKYO, SINGAPORE, TAIPEI, Arizona, Kyushu, U.S, Germany, TSMC

The second person familiar with the plans confirmed the presence of several large U.S. chips companies, including Amkor, their Vietnamese partners, such as tech company FPT (FPT.HM), and Vietnamese and U.S. top officials, including Secretary of State Antony Blinken. Chip designing firm Marvell has said it plans to build a "world-class" centre in Vietnam. Vingroup (VIC.HM), Vietnam's largest conglomerate and the parent of Nasdaq-listed electric car maker VinFast , has a unit focussed on AI. Boeing may announce a deal involving the sale of 50 of its 737 MAX jets, people familiar with the matter told Reuters. Reporting by Francesco Guarascio @fraguarascio; additional reporting by Fanny Potkin; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Leah Millis, Antony Blinken, Janet Yellen, Marvell, Francesco Guarascio @fraguarascio, Fanny Potkin, William Mallard Organizations: Warehouse Union, Pacific Maritime Association, White, REUTERS, Rights, Intel, Google, Marvell, Boeing, Reuters, Sunday, Samsung, Qualcomm, Nasdaq, Thomson Locations: Washington , U.S, Rights HANOI, U.S, Hanoi, Vietnam, China, Taiwan

☆ Cramer reviews Lululemon's Q2 earnings, says it's not too late to buy
▼ + stars: | 2023-09-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday reviewed Lululemon 's Q2 earnings, and said he's pleased with the athletic apparel company's progress after seeing its stock plummet post-Covid. "I think it's not too late to get back into Lululemon if you bailed on it at some point over the past two years," Cramer said. Lululemon saw major success during the pandemic as many consumers purchased athleisure and loungewear while working from home. Inventory grew 14% in Q2, down from previous guidance of 20%, according to last week's conference call. "I bet Lulu has a terrific holiday season, especially now that their inventories are back at reasonable levels," Cramer said.

Persons: CNBC's Jim Cramer, he's, Cramer, Lululemon, fanny, Lulu Organizations: CNBC Locations: Lululemon, China

☆ Gary Wright, Who Had a ’70s Hit With ‘Dream Weaver,’ Dies at 80
▼ + stars: | 2023-09-06 | by ( Alex Williams | More About Alex Williams | ) www.nytimes.com time to read: +2 min

Gary Malcolm Wright was born on April 26, 1943, in Cresskill, in northeast New Jersey, the middle of three children of Lou Wright, a structural engineer, and Anne (Belvedere) Wright. His mother helped instill in him an interest in music and acting, driving him to piano lessons and eventually to auditions. “I originally came into the play as an understudy to the main role, and then I picked up the main child role,” Mr. Wright said in a 2014 interview with Smashing Interviews magazine. While attending Tenafly High School, he played in various rock groups, including a duo called Gary and Billy with his school friend Bill Markle. Their single “Working After School” was played on the TV show “American Bandstand.”After high school, Mr. Wright attended William & Mary in Virginia for a year before transferring to New York University, where he switched his focus to medicine.

Persons: Gary Malcolm Wright, Lou Wright, Wright, Fanny, ”, Florence Henderson, “, ” Mr, Gary, Billy, Bill Markle, William, William & Mary, Chris Blackwell, . Blackwell Organizations: Rangers, Little League baseball, Tenafly High School, William &, New York University, Island Records Locations: Cresskill, New Jersey, Anne, Belvedere, Virginia, Berlin, Europe, Oslo, England

☆ Polanski film 'The Palace' can't find distributors in US, Britain or France, producer says
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

[1/4] The 80th Venice Film Festival - Photocall for the film "The Palace" out of competition - Venice, Italy, September 2, 2023. REUTERS/Yara Nardi Acquire Licensing RightsVENICE, Sept 2 (Reuters) - The producer of Roman Polanski's latest movie, "The Palace", bemoaned the fact that no one wanted the distribution rights for the film in the United States, Britain and France, saying morality should not weigh on art. One of the most successful directors of his generation, Polanski fled the United States over a conviction for raping a 13-year-old girl in 1977, a crime he admitted. After the #MeToo movement gained global traction in 2017 following sexual abuse allegations against U.S. film producer Harvey Weinstein, a number of women alleged that Polanski had sexually assaulted them as teenagers as well. The producer Luca Barbareschi said he had sold distribution rights across continental Europe, but not in France, Britain or the United States, despite the fact well-known actors from all three countries appeared in the film.

Persons: Milan Peschel, Fortunato Cerlino, Fanny Ardant, Luca Barbareschi, Oliver Masucci, Joaquim de Almeida, Yara, Roman, Polanski, Harvey Weinstein, Mickey Rourke, John Cleese, Joaquim De Almeida, Barbareschi, Polanski's, Polanksi, Crispian Balmer, Ros Russell Organizations: REUTERS, U.S, Venice Film, Netflix, Golden, Thomson Locations: Venice, Italy, United States, Britain, France, Polish, Swiss, Europe, Australia, New Zealand

☆ Meta rejects recommendation to suspend former Cambodia PM from Facebook
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +3 min

Hun Sen speaks at a press conference at the National Assembly after a vote to confirm his son, Hun Manet, as Cambodia's prime minister in Phnom Penh, Cambodia, August 22, 2023. Meta, in a written statement, agreed to take down the video but said it would respond to the board's recommendation to suspend Hun Sen after a review. Cambodia barred the 22-member oversight board from the country, declaring the recommendation was "political" in nature. Hun Sen remains influential in Cambodia and after stepping aside vowed to stay in politics for at least another decade. Cambodia's Ministry of Post and Telecommunications on its Facebook page on Tuesday "congratulated" Facebook for its decision and reiterated that the Meta oversight board was still unwelcome.

Persons: Hun Sen, Hun Manet, Cindy Liu, Hun, Fanny Potkin, Martin Petty Organizations: National Assembly, REUTERS, Meta, Cambodian People's Party, Facebook, Cambodia's Ministry of Post, Telecommunications, Thomson Locations: Phnom Penh, Cambodia

China operates talent programs at various levels of government, targeting a mix of overseas Chinese and foreign experts. China has previously said its overseas recruitment through the TTP aimed to build an innovation-driven economy and promote talent mobility, while respecting intellectual property rights, according to the state-run Xinhua news agency. It said that anyone who recommends a candidate who is then selected for the talent programs would receive "diamonds, bags, cars, and houses". In some cases, these people said, those experts will be offered roles at Chinese chip companies' overseas operations. ($1 = 7.1475 Chinese yuan renminbi)Reporting by Julie Zhu, Fanny Potkin, Eduardo Baptista and Michael Martina; editing by David CrawshawOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Xi Jinping, Qiming, Dean Boyd, Nick Marro, Chen Biaohua, Chen, Ma Yuanxiao, Dawei Di, Di, Zhuji, Julie Zhu, Fanny Potkin, Eduardo Baptista, Michael Martina, David Crawshaw Organizations: REUTERS, Washington, Reuters, China, Ministry of Industry, Information Technology, U.S . Commerce Department, Xinhua, Ministry of Science, Technology, U.S, government's National Counterintelligence and Security Center, Economist Intelligence, China Center for Information Industry Development, China Semiconductor Industry Association, Qiming, Massachusetts Institute of Technology, Harvard, Stanford, HK, LinkedIn, Hangzhou Juqi Technology, Fortune, Beijing Institute of Technology, BIT's School of Integrated Circuits, Electronics, Britain's University of Nottingham, University of Hong, BIT, Communist Party's Organization Department, Zhejiang University, Communist Party, Thomson Locations: China, HONG KONG, SINGAPORE, WASHINGTON, U.S, China's, Qiming, Beijing, Hangzhou, ResearchGate, University of Hong Kong, Ma, Zhejiang, Wenzhou, Cambridge

☆ How Mexican narcos use remittances to wire U.S. drug profits home
▼ + stars: | 2023-08-18 | by ( Reuters Graphic | ) www.reuters.com time to read: +28 min

Now the news agency is the first to detail how Mexican drug gangs have harnessed legitimate remittance networks to repatriate their U.S. drug profits, and the factors that make this activity so difficult for authorities to detect and thwart. But authorities say Mexican drug cartels are piggybacking on this legal network to repatriate earnings from U.S. narcotics sales. A Reuters search of Mexican court records dating back to 2012 turned up no cases involving money laundering through remittances. Still, prosecutors in those cases mentioned several of those firms in court documents because they said the defendants had used their platforms to wire drug money. His office did not respond to requests for comment about law enforcement allegations that Mexican cartels are using remittances to launder drug money.

Persons: Money, ”, “, Andrés Manuel López Obrador, ” Jorge Godínez, ” Godínez, John Cornyn of, Chuck Grassley, ” Grassley, pocketing, John Horn, remitters ”, Horn, – Oscar Gustavo Perez, Bernal, Itzayana Guadalupe Perez, Susan Fiorella Ayala, Chavez –, Los, –, Jose Luis Rosales, Ocampo, Josue Gama, Perez, Thania Rosales, Dulce Rosales, – Ana Lilia Leal, Martinez, Ana Paola Banda, Maria de Lourdes Carbajal, Henri Watson, Carbajal, Sigue, Sangita Bricker, Transfast –, ” Sigue, Transfast, fanny, Juan de Dios Gámez, Rubén Rocha, BanCoppel, Banorte, hadn’t, El, López Obrador, ” López Obrador, Signos, Signos Vitales, Oquitoa, Enrique Cardenas, Tim Walz, Keith Ellison Organizations: Sinaloa Cartel, Reuters, Jalisco New, Mexican, WorldRemit, ., National Intelligence, narcos, U.S, Republican U.S, Treasury, U.S . Department of, U.S ., Financial Intelligence Unit, “, Federal Bureau of Prisons, Los Rosales, Kansas City, ”, Leal, IDT Corporation, IDT, Mastercard, Express Cellular, Prosecutors, IRS, Western Union, U.S . Department of Justice, Federal Trade Commission, ‘, Banco Azteca, Elektra, World Bank, Minnesota, Caborca Locations: CULIACÁN, Mexico, Mexican, Culiacán, Sinaloa, United States, Jalisco, U.S, Colorado, Union, Americas, London, John Cornyn of Texas, Iowa, Ohio, Colorado , Georgia , Ohio , Oklahoma , Texas, Virginia, Washington, Georgia, Atlanta, Columbus, Rosales, Nayarit, Michoacan, Missouri, Texas, Florida, New Jersey, Miami, , New Jersey, Ria, Kansas, California, New York, Western, Sinaloan, Costa Rica, BanCoppel, India, China, Mexico City, Minnesota, Arizona , Colorado , Florida , Illinois, New Mexico, Nevada, Oquitoa, Sonora

☆ Indonesia's GoTo narrows losses, says on track for profitability
▼ + stars: | 2023-08-15 | by ( Stefanno Sulaiman | ) www.reuters.com time to read: +2 min

JAKARTA, Aug 15 (Reuters) - Indonesia's biggest tech firm GoTo (GOTO.JK) on Tuesday said it had slashed underlying losses in the second quarter to 1.2 trillion rupiah ($78.25 million), down from 4.3 trillion rupiah a year earlier, helped by intense cost-cutting measures. Following positive results for the first half, GoTo revised its 2023 adjusted EBITDA outlook to a loss of between 4.5 trillion rupiah and 3.8 trillion rupiah, from a previously forecast loss of between 5.3 trillion rupiah and 4.6 trillion rupiah. Net revenues for the second quarter of 2023 rose to 3.6 trillion rupiah, up 86.7% from 2022, with the company's overall gross transaction value for the period reaching 143.7 trillion rupiah, it said. The company said it had slashed losses by 48% for the first half compared to a year earlier. Shares in GoTo, shorthand for GoTo Gojek Tokopedia, closed up 6.59% to 97 rupiah per share before the earnings announcement.

Persons: GoTo, Japan's, Patrick Walujo, Walujo, Tokopedia, TikTok, GoTo Gojek Tokopedia, Stefanno Sulaiman, Fanny Potkin, Conor Humphries Organizations: Japan's SoftBank, Thomson Locations: JAKARTA

☆ Factbox: The Chinese groups accused of hacking the US and others
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +4 min

July 21 (Reuters) - Chinese hacking teams have been blamed by Western intelligence agencies and cybersecurity groups for digital intrusion campaigns across the world, targeting everything from government and military organisations to corporations and media groups. The Chinese authorities said it was not aware of such hacking and described the accusations as baseless. Palo Alto Networks, a U.S. cybersecurity firm, said its research showed BackdoorDiplomacy had links to the Chinese state and was part of the APT15 hacking group. The Chinese authorities have described such reports as "groundless accusations." APT 27Western intelligence agencies and cybersecurity researchers say Chinese hacking team APT 27 is sponsored by the state and has launched multiple attacks on Western and Taiwanese government agencies.

Persons: Gina Raimondo, China Nicholas Burns, Daniel Kritenbrink, BackdoorDiplomacy, TeamT5, Nancy Pelosi, Pelosi, Mandiant, Fanny Potkin, John Geddie, Jamie Freed Organizations: Microsoft, . Commerce, Wall, Storm, Reuters, Alto Networks, APT, U.S Department Justice, U.S, Thomson Locations: China, Beijing, U.S, East Asia, Washington, Western, Taiwan, Japan, South Korea, United States, Hong Kong

☆ OpenAI's head of trust and safety steps down
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, July 21 (Reuters) - OpenAI's head of trust and safety Dave Willner is leaving the company, he said in a LinkedIn post on Friday, citing the pressures of the job on his family life and saying he would be available for advisory work. Willner took over his role at OpenAI in February last year, after working at Airbnb and Facebook. He attributed his decision to quit to growing demands from his job affecting his family life. Microsoft-backed OpenAI, whose AI chatbot ChatGPT, has stormed the world, has said it depends on its trust and safety team to build "the processes and capabilities to prevent misuse and abuse of AI technologies". Reporting by Supantha Mukherjee in Stockholm and Fanny Potkin in Singapore; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Dave Willner, OpenAI, Willner, I've, Supantha Mukherjee, Fanny Potkin, Barbara Lewis Organizations: OpenAI, Facebook, Microsoft, Thomson Locations: STOCKHOLM, Stockholm, Singapore

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